The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
1-800-Flowers.com Inc COM 68243Q106 1,063 90,060 SH   SOLE   65,770 0 24,290
A. Schulman Inc COM 808194104 1,592 37,016 SH   SOLE   27,026 0 9,990
ARC Document Solutions COM 00191G103 1,641 745,831 SH   SOLE   594,624 0 151,207
ASV Holdings LLC COM 00215L104 2,089 287,690 SH   SOLE   229,450 0 58,240
AXT Inc COM 00246W103 3,650 503,484 SH   SOLE   401,564 0 101,920
Acacia Research Corp COM 003881307 3,270 934,325 SH   SOLE   731,985 0 202,340
Actuant Corp Cls A COM 00508X203 796 34,250 SH   SOLE   25,020 0 9,230
Alcentra Capital Corp COM 01374T102 3,127 449,260 SH   SOLE   358,340 0 90,920
American River Bankshares COM 029326105 4,105 264,669 SH   SOLE   211,063 0 53,606
American Software, Inc COM 029683109 659 50,680 SH   SOLE   37,010 0 13,670
Amtech Systems COM 032332504 3,993 545,474 SH   SOLE   435,038 0 110,436
Asure Software COM 04649U102 6,042 493,627 SH   SOLE   387,937 0 105,690
Atlantic Capital Bank COM 048269203 2,799 154,624 SH   SOLE   123,281 0 31,343
Atlas Financial Holdings COM G06207115 1,799 173,850 SH   SOLE   138,650 0 35,200
BG Staffing COM 05544A109 5,145 270,958 SH   SOLE   216,110 0 54,848
Banc of California Inc COM 05990K106 1,287 66,660 SH   SOLE   48,690 0 17,970
Bank of Commerce Hlds COM 06424J103 3,908 335,486 SH   SOLE   267,536 0 67,950
Barrett Business Services Inc COM 068463108 7,402 89,313 SH   SOLE   69,622 0 19,691
Big 5 Sporting Goods Corp COM 08915P101 3,722 513,365 SH   SOLE   399,431 0 113,934
Blucora Inc COM 095229100 971 39,480 SH   SOLE   28,810 0 10,670
Bridgewater Bancshares COM 108621103 693 53,000 SH   SOLE   38,690 0 14,310
Build A Bear Workshop COM 120076104 4,477 489,245 SH   SOLE   385,154 0 104,091
CAI International Inc COM 12477X106 3,710 174,523 SH   SOLE   136,725 0 37,798
CRH Medical COM 12626F105 5,759 2,258,414 SH   SOLE   1,761,962 0 496,452
CTS Corp COM 126501105 634 23,310 SH   SOLE   16,990 0 6,320
Caleres Inc COM 129500104 1,794 53,380 SH   SOLE   38,990 0 14,390
Care Trust REIT Inc COM 14174T107 713 53,243 SH   SOLE   38,893 0 14,350
Citi Trends Inc COM 17306X102 1,717 55,550 SH   SOLE   40,580 0 14,970
Cohu Inc COM 192576106 4,771 209,154 SH   SOLE   166,808 0 42,346
Columbus McKinnon Corp COM 199333105 4,430 123,593 SH   SOLE   96,017 0 27,576
Comfort Systems USA Inc COM 199908104 1,571 38,080 SH   SOLE   27,820 0 10,260
Comtech Telecommunications Cor COM 205826209 7,395 247,403 SH   SOLE   197,333 0 50,070
ConnectOne Bancorp COM 20786W107 2,013 69,890 SH   SOLE   51,030 0 18,860
Cra Intl Inc COM 12618T105 3,356 64,176 SH   SOLE   51,190 0 12,986
Customers Bancorp COM 23204G100 2,010 68,950 SH   SOLE   50,360 0 18,590
DMC Global Inc COM 23291C103 8,143 304,397 SH   SOLE   242,787 0 61,610
DXP Enterprises, Inc COM 233377407 1,093 28,070 SH   SOLE   20,500 0 7,570
Daktronics, Inc COM 234264109 886 100,560 SH   SOLE   73,460 0 27,100
Donegal Group Inc COM 257701201 498 31,546 SH   SOLE   23,016 0 8,530
Douglas Dynamics Inc COM 25960R105 691 15,950 SH   SOLE   11,640 0 4,310
EPlus Inc COM 294268107 686 8,830 SH   SOLE   6,450 0 2,380
Ennis Inc COM 293389102 1,422 72,200 SH   SOLE   52,720 0 19,480
Ensign Group Inc COM 29358P101 1,207 45,900 SH   SOLE   33,530 0 12,370
Esquire Financial Hld COM 29667J101 5,279 216,350 SH   SOLE   172,550 0 43,800
Essendant Inc COM 296689102 353 45,240 SH   SOLE   33,040 0 12,200
Express Inc COM 30219E103 335 46,780 SH   SOLE   34,090 0 12,690
FS Bancorp COM 30263Y104 2,653 49,593 SH   SOLE   39,560 0 10,033
Farmers National Banc Corp COM 309627107 3,313 239,218 SH   SOLE   190,726 0 48,492
Federal Signal Corp COM 313855108 1,420 64,470 SH   SOLE   47,050 0 17,420
First Bancshares Inc COM 318916103 2,957 91,688 SH   SOLE   73,133 0 18,555
First Business Financial Servi COM 319390100 1,681 66,830 SH   SOLE   53,310 0 13,520
First Financial Corp COM 320218100 881 21,180 SH   SOLE   15,460 0 5,720
First Interstate Bancsystem cl COM 32055Y201 1,175 29,700 SH   SOLE   21,690 0 8,010
First Northwest COM 335834107 2,309 136,720 SH   SOLE   109,000 0 27,720
FormFactor COM 346375108 1,368 100,210 SH   SOLE   73,160 0 27,050
Francesca's Holdings Corp COM 351793104 282 58,840 SH   SOLE   42,880 0 15,960
FreightCar America Inc COM 357023100 1,852 138,190 SH   SOLE   110,220 0 27,970
Front Yard Residential REIT COM 35904G107 968 96,290 SH   SOLE   70,340 0 25,950
Genesco Inc COM 371532102 237 5,830 SH   SOLE   4,250 0 1,580
Global Medical REIT COM 37954A204 2,788 401,140 SH   SOLE   319,920 0 81,220
Great Ajax Corp COM 38983D300 2,882 212,700 SH   SOLE   165,460 0 47,240
Green Bancorp, Inc COM 39260X100 650 29,200 SH   SOLE   21,300 0 7,900
Greenight Capital Cl A COM G4095J109 709 44,160 SH   SOLE   32,260 0 11,900
Hallmark Financial Services In COM 40624Q203 1,140 127,850 SH   SOLE   93,340 0 34,510
Hanger Inc COM 41043F208 876 54,740 SH   SOLE   39,990 0 14,750
Hardinge Inc COM 412324303 3,850 210,159 SH   SOLE   167,626 0 42,533
Heritage Insurance Hlds Inc COM 42727J102 5,642 372,140 SH   SOLE   289,920 0 82,220
Hibbett Sports Inc COM 428567101 674 28,160 SH   SOLE   20,530 0 7,630
Homestreet Inc COM 43785V102 536 18,710 SH   SOLE   13,660 0 5,050
Horizon Bancorp COM 440407104 4,494 149,763 SH   SOLE   119,493 0 30,270
Houston Wire & Cable Co COM 44244K109 1,549 211,440 SH   SOLE   154,400 0 57,040
Hurco Companies Inc COM 447324104 4,729 103,027 SH   SOLE   82,141 0 20,886
InnerWorkings COM 45773Y105 5,034 556,221 SH   SOLE   437,084 0 119,137
Insight Enterprises Inc COM 45765U103 1,363 39,010 SH   SOLE   28,470 0 10,540
Intevac Inc COM 461148108 1,350 195,630 SH   SOLE   142,800 0 52,830
Kirkland's Inc COM 497498105 686 70,800 SH   SOLE   51,700 0 19,100
Landec Corp COM 514766104 3,424 262,402 SH   SOLE   205,078 0 57,324
Lifetime Brands Inc COM 53222Q103 3,423 276,051 SH   SOLE   216,427 0 59,624
MTS Systems Corp COM 553777103 318 6,160 SH   SOLE   4,500 0 1,660
MagicJack VocalTec Ltd COM M6787E101 5,964 710,001 SH   SOLE   566,251 0 143,750
Maiden Holdings, Ltd COM G5753U112 1,562 240,240 SH   SOLE   175,440 0 64,800
Manitex International Inc COM 563420108 7,068 618,374 SH   SOLE   493,189 0 125,185
Marcus & Millichap Inc COM 566324109 1,634 45,310 SH   SOLE   33,070 0 12,240
Matrix Service Co COM 576853105 1,166 85,130 SH   SOLE   62,160 0 22,970
Meta Financial Group COM 59100U108 2,193 20,080 SH   SOLE   14,660 0 5,420
Metropolitan Bank Hld COM 591774104 4,021 95,480 SH   SOLE   74,290 0 21,190
MiMedx Group Inc COM 602496101 697 99,990 SH   SOLE   72,980 0 27,010
MidSouth Bancorp Inc COM 598039105 3,066 242,363 SH   SOLE   193,228 0 49,135
MidWestOne Financial Group COM 598511103 1,430 42,960 SH   SOLE   31,360 0 11,600
Midland States COM 597742105 5,660 179,350 SH   SOLE   139,820 0 39,530
MotorCar of America Inc COM 620071100 293 13,690 SH   SOLE   9,990 0 3,700
Multi-Color Corp COM 625383104 719 10,880 SH   SOLE   7,940 0 2,940
NN Inc COM 629337106 6,389 266,192 SH   SOLE   208,264 0 57,928
NV5 Global Inc COM 62945V109 4,067 72,948 SH   SOLE   56,943 0 16,005
Natural Gas Services Group Inc COM 63886Q109 3,009 126,158 SH   SOLE   100,606 0 25,552
Navigant Consulting COM 63935N107 574 29,840 SH   SOLE   21,790 0 8,050
Netgear Inc COM 64111Q104 1,301 22,750 SH   SOLE   16,620 0 6,130
Newpark Resources Inc COM 651718504 982 121,230 SH   SOLE   88,560 0 32,670
Northeast Bancorp COM 663904209 3,886 189,580 SH   SOLE   151,210 0 38,370
Northrim BanCorp Inc COM 666762109 2,628 76,058 SH   SOLE   60,658 0 15,400
Northwest Pipe COM 667746101 4,226 244,256 SH   SOLE   194,790 0 49,466
Novanta Inc COM 67000B104 845 16,202 SH   SOLE   11,832 0 4,370
OP Bancorp COM 67109R109 2,193 176,160 SH   SOLE   140,510 0 35,650
Old Line Bancshares, Inc COM 67984M100 1,126 34,130 SH   SOLE   24,910 0 9,220
One Stop Systems COM 68247W109 2,250 511,440 SH   SOLE   407,930 0 103,510
Orrstown Financial Services COM 687380105 2,251 93,193 SH   SOLE   74,305 0 18,888
PAM Transportation Services, I COM 693149106 5,700 156,804 SH   SOLE   125,044 0 31,760
PC Connection COM 69318J100 5,214 208,571 SH   SOLE   162,697 0 45,874
PCM Inc COM 69323K100 3,332 401,387 SH   SOLE   320,127 0 81,260
PRA Group COM 69354N106 1,177 30,980 SH   SOLE   22,610 0 8,370
Parke Bancorp COM 700885106 1,506 72,410 SH   SOLE   57,750 0 14,660
Pennantpark Floating Rate Capi COM 70806A106 5,013 382,961 SH   SOLE   298,641 0 84,320
People's Utah Bancorp COM 712706209 4,404 136,361 SH   SOLE   108,736 0 27,625
Perry Ellis International COM 288853104 823 31,890 SH   SOLE   23,290 0 8,600
Photronics Inc COM 719405102 1,357 164,510 SH   SOLE   120,140 0 44,370
Pier 1 Imports COM 720279108 307 95,270 SH   SOLE   69,410 0 25,860
Premier Financial Bancorp COM 74050M105 3,821 205,339 SH   SOLE   163,751 0 41,588
ProFire Energy COM 74316X101 3,784 1,385,925 SH   SOLE   1,105,290 0 280,635
Quantum Corp COM 747906501 3,232 888,033 SH   SOLE   708,174 0 179,859
RPX Corporation COM 74972G103 930 87,040 SH   SOLE   63,560 0 23,480
Resources Connection COM 76122Q105 1,030 63,590 SH   SOLE   46,450 0 17,140
Ribbon Communications Inc COM 762544104 552 108,300 SH   SOLE   79,040 0 29,260
Rudolph Technologies Inc COM 781270103 3,370 121,674 SH   SOLE   94,494 0 27,180
SP Plus Corp COM 78469C103 1,352 37,980 SH   SOLE   27,720 0 10,260
Silvercrest Asset Mgmnt Grp Cl COM 828359109 3,958 260,405 SH   SOLE   207,675 0 52,730
Spartan Motors Inc COM 846819100 6,890 400,556 SH   SOLE   313,120 0 87,436
Standard Motor COM 853666105 1,284 26,990 SH   SOLE   19,720 0 7,270
Standex International Corp COM 854231107 475 4,980 SH   SOLE   3,650 0 1,330
Sterling Construction Co Inc COM 859241101 3,198 279,060 SH   SOLE   216,970 0 62,090
Summit Financial Grp COM 86606G101 3,788 151,440 SH   SOLE   120,800 0 30,640
Super Micro Computer, Inc COM 86800U104 1,540 90,570 SH   SOLE   66,110 0 24,460
Sykes Enterprises COM 871237103 1,231 42,550 SH   SOLE   31,080 0 11,470
Textainer Group Holdings COM G8766E109 2,008 118,490 SH   SOLE   86,520 0 31,970
Third Point Reinsurrance Ltd COM G8827U100 1,324 94,900 SH   SOLE   69,290 0 25,610
Triumph Bancorp COM 89679E300 1,388 33,680 SH   SOLE   24,590 0 9,090
TrueBlue Inc COM 89785X101 1,082 41,760 SH   SOLE   30,500 0 11,260
Twin Disc Inc COM 901476101 6,406 294,645 SH   SOLE   231,284 0 63,361
Ultra Clean Holdings COM 90385V107 5,062 262,953 SH   SOLE   204,545 0 58,408
Unique Fabricating COM 90915J103 4,083 483,826 SH   SOLE   385,886 0 97,940
Univest Corp of Pennsylvania COM 915271100 999 36,070 SH   SOLE   26,340 0 9,730
Wabash National Corp COM 929566107 1,238 59,480 SH   SOLE   43,450 0 16,030
Web.com Group, Inc COM 94733A104 1,234 68,200 SH   SOLE   49,800 0 18,400
West Bancorporation COM 95123P106 4,338 169,460 SH   SOLE   132,420 0 37,040
Windstream Holdings Inc COM 97382A200 152 107,763 SH   SOLE   78,563 0 29,200
Xcerra Corp COM 98400J108 7,690 660,092 SH   SOLE   516,394 0 143,698
ZAGG Inc COM 98884U108 3,718 304,761 SH   SOLE   243,094 0 61,667